Bitcoin; Then and Now

[Mpamaegbu]

Before the great crash of 2018, the total market cap on the Coinmarketcap site was slightly above $800billion. Specifically, according to that data, it stood at $815,596,371,956 from snapshot taken on December 17, 2017 with Bitcoin at $19,140 and an overwhelming dominance of 71.5%

Today, being January 2, 2021 Bitcoin zoomed passed $31,000 pushing the total market cap to $824,684,567,217 with a 70.5% dominance. Yet, it doesn't still look like the market is going to be slowing down any time soon. The year got started on a great pedestal. 2021 is certainly going to be that year when people will constantly be checking their apps for market prices.

THEN...

NOW...

I am far from thinking that the market will experience a crash now. But then, that's my thought. I could be wrong. What do you guys think?

[fiulpro]

I highly anticipated a crash in the market around holidays which should have opened up some space for people like me to buy some coins and wait. But then again it's BTC , never fails to astound us. The market didn't just maintain the price but at the same time is doing really well. Thus I do believe that bitcoins right now can either:
1. Crash around the first week of January
2. Stay stable and show all ups and downs , whilst crashing after a considerable amount of time.
Now as we already know the pandemic is far from going. Vaccination is there and there are countries where people are already getting it, so the BTC market is the only one that I know of which have actually held the ground stable for the investors so I wish it could stay that way for a longer period of time at least till pandemic ends.

I am far from thinking that the market will experience a crash now. But then, that's my thought. I could be wrong. What do you guys think?

- that's the whole point. We can be all wrong and the maker can crash any second or even choose to climb. There is no one literally who knows about this. ))

[Fesatmas]

Yet, it doesn't still look like the market is going to be slowing down any time soon. The year got started on a great pedestal. 2021 is certainly going to be that year when people will constantly be checking their apps for market prices.


I am far from thinking that the market will experience a crash now. But then, that's my thought. I could be wrong. What do you guys think?

Checking apps and wallets is a must in 2021. They don't want to leave $ 1 in their wallet. an aggressive for the better. where besides that we have a duty to continue to disseminate updated information to those who are not familiar with bitcoin as a whole. and it is very important to increase the adoption of bitcoin and attract the interest of many people to continue to know bitcoin.

[kentrolla]

BTC was struggling after 2017 pump and people were busy spreading news as it is slowly going to die, Due to Covid-19 last year many thought it is all set to end but BTC overcome every tough phase and went over the moon and now it's heading towards 35k.

Now BTC has been hot topic across the globe and people are coming with different predictions, it is proving again and again as worth Investment.

[Leviathan.007]

I had some screenshot from 2017 too. Remember on 2017 when people were saying this project will fall and price will fall down bellow 100usd. Time after time more coins and tokens were added to the market and the marketcap increased this is a huge progress we can see in the market. Maybe soon after a few years bitcoin will reach 500K price and we will remember at 2021 in the history.

[raidarksword]

I believed during that crash on 2018 it was the moment people doubted bitcoin that dubbed it a bubble and a years passed bitcoin proving doubters that bitcoin is the real deal especially this year that really created an uproar  and price surges that everyone never imagined it would this high bitcoin has reached so far. Bitcoin has still more surprises on his sleeves as we just 3 days of 2021.

[Lucius]

I am far from thinking that the market will experience a crash now. But then, that's my thought. I could be wrong. What do you guys think?

There is no reason to crash, demand is getting higher and higher, supply on crypto exchanges is decreasing more and more, and this year by all indicators should be much better than last (in economic terms). Some things we are used to are obviously no longer happening (corrections), and now we are witnessing a big bull run that has no end in sight.

As long as large investors buy, the price can only go up, and the question is whether at some point the price will become too high for them? I don't think that will be the case, because they have a huge amount of money and it won't be a problem for them to pay a price several times higher to get what they want.

[hd49728]

People who want to get money but feel fear of bitcoin crash will end their adventures differently.
- They can stay outside the market forever. Always and only wish or hope that price will fall to price they want but they reject opportunities when it comes and knocks their doors out.
- They decide to join at peaks, at temporary all time highs with FOMO investors and shake hands when crash happens.

They all are not belong to bitcoin market (never join or join and exit in short time).

[Fundamentals Of]

The same thoughts here. When Bitcoin finally crashed its old all time high and created a new record, I was thinking it will have a hard correction right after. But then when it didn't and instead shot very fast past $22,000 then onward to $25,000 and then to $30,000 almost without a worrying correction along the way, I was on the thinking that this is a totally different bull run. That was also based on several news that a large company here and a wealthy businessman there are putting their millions to Bitcoin. There might be no more hard correction until the 1 trillion market cap is hit.

[pawanjain]

It's good to see bitcoin back on it's feet with a stronger force this time. Most of the expert traders predict bitcoin to have a stronger bull run this time and will push bitcoin ATH to a greater level in 2021.
We can even see bitcoin crossing $50k this year because the technicals are that strong. With this being said, in my perspective, a correction is waiting for more people to join in the bull run.
The history shows us that every bull run is followed my many corrections or one large dump. We don't want the latter to happen this time and a corrections will most probably take place soon IMO.

[Wysi]

This clarifies one things that Bitcoin will not repeat 2018 as Bitcoin has already resisted the danger zone period of year end when bear run started in 2017. I feel there is still a long way to go and this would be the year of bitcoin, I had negative impression initially and assumed price will go down but I was wrong and the best part about this would be new investment as everyday we hear about Bitcoin in news articles.

[error08]

The bitcoin market has become more mature with institutional investors buying bitcoin and not easily swayed to panic sell and they are constantly accumulating bitcoin.
Even a correction that occurs pulls the price slightly and a rebound happens in a short time to recover the price above $31k, it still persists quite strongly.
seems that massive sell orders can't beat the demand, hence the price may going sideways for a while.

[DarkDays]

I agree with you that this year is going to be the best year yet. BTC has started strong and the correction it experiences now is absolutely necessary to continue with its uptrend.

Even with this correction, BTC has stayed above 30K, and this goes to show that things will only get better. You're right, at least is what some people like us think. BTC is not over, it's setting a new course.

[Wexnident]

Well, it looks like this year is going to be a great year for BTC. I wonder if this was what people felt back then during 2017, I wasn't really in the know, though I did hold on to a few altcoins back then. I honestly expected a correction at the end of the year, never expected the market to just bulldoze through that. Now I can't help but have positive notions for this year of Bitcoin, after all, I expected multiple corrections from the time it broke through the ATH of 2018 to date, but it never really happened. I'm still watching out for a huge correction, but I'm almost half expectant that this year is BTC's year.

[cryptomaniac_xxx]

I wouldn't say it will crash hard, but for the next 12 months we might see some pullbacks along the way. We have seen it already and then recovered to $32,500 but seems it goes down again in the last couple of hours to $30k. It seems that we are going to see the price fluctuating in the  $30k-$35k this month. Nevertheless, I'm not used to saying that we have seen a correction when the price is at $30k.  . That's price is want we are 'dreaming' before, now it becomes the support.

[Kabul]

A crash can happen at anytime. Despite of a strong and healthy uptrend, nothing can ensure that bitcoin price will not reduce or experience a black swan in a next few week. We have seen bitcoin price drop about $6000 on yesterday.

However, it is also a good opportunity for anyone of us to buy more bitcoin since the price of bitcoin is currently too high. Buying bitcoin below $30000 surely give us a fair enough profit. But you need to act fast. The market will not wait for you. Otherwise, you might lose the chance.

[pooya87]

after all, I expected multiple corrections from the time it broke through the ATH of 2018 to date, but it never really happened.

That is because you are either expecting a massive crash and a long bear market while calling that a "correction" and since that never happens in a bull market you don't see your expectations ever.
Or you are just looking at the end result of where the price is after each step is finished instead of looking at the charts so you are missing all the corrections that have been happening for the past 3 years.

[Hypnosis00]

I am far from thinking that the market will experience a crash now. But then, that's my thought. I could be wrong. What do you guys think?

You could be wrong and all of us will do the same. Nobody thought also that $33,000 has to reach, the same as I think that we hardly touch $25,000 from scratch to a very expensive crypto coin in the market but it was given the chance and here we are now.

Well, that be in a short stay, we are getting over for that highs and slow down a little bit. I tried to speculate that it might go down below $20k.

[Rikafip]

As long as large investors buy, the price can only go up, and the question is whether at some point the price will become too high for them? I don't think that will be the case, because they have a huge amount of money and it won't be a problem for them to pay a price several times higher to get what they want.

I think that's exactly when we can expect crash, when large investors decide that price is too high for them so they dump the price in order to buy cheaper BTC from weak hands and those short term speculators/gamblers that are just into this for a quick profit.

Though I don't expect crashes as big as before as market is more mature and stable than before ( at least I like to think that) due different type of investors holding BTC, but it will nevertheless happen occasionally. Not that I am much fussed about it as I also see it only as an opportunity to acquire more BTC.

[Janation]

Been talking about those not riding to ride the wave while it is low, hope they're doing fine.

I've been talking about it since the price hit its lowest this year and if they immediately buy at that price range, they are having a profit 10x their money. But I do feel them as we never know what will happen. I don't even think that it will fall immediately as the price is still going strong, maybe after some correction, we might see the price rise at $40K.